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PropertyPulse

insights by Lee and Derek Baston

Property Update: Spring market miracle?

Loaves and Fishes

Lowest stock levels – ever (in recent recorded history)!

Houses, land, apartments, townhouses, villas you name it – 2,779 listings.
For a city of over 2,000,000 people (and climbing) this is the equivalency of attempting to feed 5000 people with 5 loaves of bread and 2 fish – without the interceding miracle.

Buyers are hungry for homes.
This is not an investor driven shortage.

The appetite for building is back!
Driven by higher established home prices, the high build costs are now justifiable.

We are seeing land prices jump significantly for the first time in many years – with land prices effectively flatlining from 2015 through to late 2024.
There’s still capacity for price growth as effective full value catches up.

Momentum is here — and it’s building fast.

If you’re thinking of selling, this is the moment to move.

If you’re buying, act before the next wave lifts prices again.

Scarcity drives opportunity — and right now, both are in play.

Derek Baston
M: 0417 99 23 24
E: sales@bastonandco.com

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